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Richard W. Rahn
Richard W. Rahn - ArtykułyPrivate policy mavens offer crucial balance for a myopic government
Did you know that there are more than 6,000 think tanks globally, and about 2,000 in the United States? In the past two weeks, two major rankings of think tanks have been released.
A think tank is an organization where scholars and specialists seek to find solutions to problems and then promote their findings. Some think [...]
Wrong Doctors
Central banks are being pressured by their political masters to solve a problem they cannot solve.
On Wednesday, a German court is going to rule whether the European Central Bank can buy an unlimited amount of debt from the national banks of the countries in the eurozone without violating German law. By week’s end, the U.S. [...]
Economic lessons from the Olympics
Do you admire what the Olympic athletes have been able to accomplish, and do you think they should be applauded for their outstanding performances? Most people in the world would answer the question in the affirmative. Most people also admire and applaud great musicians and artists. We celebrate these people because we know that most [...]
Is Obama Economy Bush’s Fault?
The Obama administration and its apologists, including many in the media, keep telling us that the Great Recession was the worst since the Great Depression in the 1930s, and that is why the recovery has been so anemic. Is that true?
When President Obama took office, the unemployment rate was 7.8 percent. When President Reagan took office in [...]
How Soon They Forget
If you are a nonimmigrant American reading this, do you know why your ancestors came to America? The fact is, a large percentage of immigrants were trying to escape various forms of government persecution, including religious and tax persecution. The American Revolution was set off, in part, by a tax on tea that ranged from [...]
Fixing the Federal Reserve
There is a growing consensus that the Federal Reserve is broken — because it is. The Fed was established to provide price stability and prevent periodic banking crises. It has accomplished neither.
The wholesale price level in the United States was at almost the same level when the Fed was established in 1913 as it was [...]
Tale of two small countries
Cayman is rich, and Belize is poor. Why? Both are small Caribbean countries with the same climate and roughly the same mixed racial heritage, and both were English-speaking British colonies. Belize (the former British Honduras) received its independence in 1981, while Cayman is still not fully independent but is self-governing at the local level, with its own currency, [...]
Good News for the New Year
Good News for the New Year
Even though some are predicting the end of the world in 2012, there is a possibility it could turn out better than 2011 (a low bar). Many people who are not part of the political class continue to advance civilization and make things better for us – like the late [...]
Government spending jobs myth
Do increases in government spending increase or decrease the number of jobs? Conventional wisdom is they will increase jobs, and a few left-wing economists, such as Paul Krugman of the New York Times, frequently are trotted out by reckless politicians and some in the news media to argue that we need more government spending in order to [...]
Democracy vs Bureaucracy
The financial crisis in Europe has resulted in the appointment of new prime ministers in both Greece and Italy, in reality, by the Germans and French, rather than through the ballot box in Greece and Italy. This raises the question, “Is it possible to have both a bureaucratic welfare state and a democracy that protects [...]
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